2023
Exports
$2.62MWorld Rnk 30 / 104
Flag Rnk 713 / 1200
2023
PRODUCT COMPLEXITY IN Wool
-2.02Rnk 1001 / 1025
2023
Imports
$1.06MWorld Rnk 44 / 132
Flag Rnk 1008 / 1186
2023
ECONOMIC COMPLEXITY of Russia
0.3Rnk 50 / 132

About

Exports In 2023, Russia exported $2.62M in Wool, making it the 30th largest exporter of Wool in the world. At the same year, Wool was the 713th most exported product in Russia. The main destination of Wool exports from Russia are: India ($1.73M), China ($720k), Germany ($112k), Turkey ($39.9k), and Italy ($14.4k).

The fastest growing export markets for Wool of Russia between 2022 and 2023 were Germany ($79.2k), Turkey ($39.9k), and Italy ($14.4k).

Imports In 2023, Russia imported $1.06M in Wool, becoming the 44th largest importer of Wool in the world. At the same year, Wool was the 1008th most imported product in Russia. Russia imports Wool primarily from: Uzbekistan ($658k), China ($267k), Greece ($103k), Kazakhstan ($28.7k), and Egypt ($1k).

The fastest growing import markets in Wool for Russia between 2022 and 2023 were China ($267k) and Egypt ($1k).

Latest Trends

Dec 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Wool. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$2.62M
IMPORTS (2023)$1.06M
NET TRADE (2023)$1.56M

In 2023, Russia exported $2.62M in Wool. The main destinations of Russia exports on Wool were India ($1.73M), China ($720k), Germany ($112k), Turkey ($39.9k), and Italy ($14.4k).

In 2023, Russia imported $1.06M in Wool, mainly from Uzbekistan ($658k), China ($267k), Greece ($103k), Kazakhstan ($28.7k), and Egypt ($1k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Wool EXPORT MARKETS FOR Russia WERE (2022 - 2023):
Germany$79.2k (244%)
Turkey$39.9k (2M%)
Italy$14.4k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wool BY Russia WERE (2022 - 2023):
China-$3.07M (-81%)
India-$749k (-30.2%)
Uruguay-$161k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Russia's main exporting competitors in Wool were:
In 2023, Russia's main importing competitors in Wool were:
China $2.02B
India $255M
Italy $209M

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Trade Value of Wool by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $3.4M
TOP IMPORT POTENTIALTurkey+ $39.9k

Wool’s highest export potential is China. With an export gap of $3.4M.   Wool’s highest import potential is Turkey with an import gap of $39.9k.

See methodology.

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